DUBLIN, Feb. 27, 2023 /PRNewswire/ — The “Aerospace and Defense Materials: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Aerospace and Defense Materials estimated at US$21.4 Billion in the year 2022, is projected to reach a revised size of US$34.4 Billion by 2030, growing at a CAGR of 6.1% over the analysis period 2022-2030.
Composites, one of the segments analyzed in the report, is projected to record a 6.8% CAGR and reach US$14.3 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Aluminum Alloys segment is readjusted to a revised 5.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $7 Billion, While China is Forecast to Grow at 8.6% CAGR
The Aerospace and Defense Materials market in the U.S. is estimated at US$7 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$4.8 Billion by the year 2030 trailing a CAGR of 8.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 5.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.5 Billion by the year 2030.
Select Competitors (Total 196 Featured) –
- Alcoa Corporation
- Arconic Inc.
- ATI Metals
- Constellium SE
- Evonik Industries
- Hexcel Corporation
- Huntsman International LLC
- Kaiser Aluminum Corporation
- Kobe Steel, Ltd.
- Materion Corp.
- Novelis Inc.
- Rio Tinto Group
- SGL Carbon
- Solvay S.A.
- Strata Manufacturing
- TATA Advanced Materials Limited
- Teijin Limited
- Thyssenkrupp Aerospace Germany GmbH
- Toray Industries, Inc.
What`s New for 2023?
- Special coverage on Russia–Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of Covid-19 and a Looming Global Recession
- Global Economic Update
- World Shifts to an Endemic COVID-19 Strategy With Focus on Multilateral Approach to Managing Future Pandemics
- War, Inflation & High Cost of Living Crisis Supersede COVID-19 as Major Downside Risks for the Global Economy in 2022 & Beyond
- World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
- Pandemic Dents Prospects in the Aviation Industry, Impacting the Demand for Aerospace Materials
- Global Airlines Performance by Region: 2020 Vs 2019
- YoY % Change in Revenue Passenger Kilometers (RPK): 2014-2020
- Staged Recovery over Long-Term to Boost Prospects
- Material Supply Crunch Decelerates Recovery of Aerospace Industry
- Aerospace Materials: An Introductory Prelude
- Material Mix Evolves as Fuel Economy Throws the Spotlight on Aircraft Lightweighting
- Competition
- Aerospace and Defense Materials – Global Key Competitors Percentage Market Share in 2023 (E)
- Aerospace and Defense Materials Competitor Market Share Scenario Worldwide (in %): 2018E
- Materials Used in Aircraft Manufacturing
- Market Outlook
- US Dominates the Market
- Asia-Pacific as Powerful Engine for Aviation Industry & Related Materials
- India Emerges as a Lucrative Market
- Recent Market Activity
- WORLD BRANDS
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Slow Recovery in Commercial Aviation Sector Presents Opportunities
- Global Commercial Aircraft New Deliveries by Aircraft Type (2022-2041)
- Global Commercial Aircraft Fleet Projections: Breakdown of Fleet (in Units) by Region for 2019 and 2040
- Global Aircraft Deliveries by Region: 2021-2040
- Spurt in Air Passenger Traffic and Need for Modern Aircraft Presents Growth Opportunities
- Passenger Traffic as Share of 2019 by Country for 2021-2025
- Number of Scheduled Passengers Boarded by Airlines Worldwide industry (In Million) for Years 2018 Through 2023
- Spending Patterns in the Defense Sector to Strengthen Growth Prospects
- Global Military Expenditure in US$ Billion (2016-2021)
- World Steps Up Military Spending in the Wake of the Russia Ukraine War,
- Rising Demand for Fixed Wing Fighter Aircraft Bodes Well
- Military Aircraft Supply Chain to Benefit from the Unfortunate State of Global Geo-Political Affairs: Military Spending by Top Countries in 2022 (In US$ Billion
- Growth of Low-Cost Carriers: An Opportunity for Aerospace Materials Market
- LCC Short Haul Market as % of Total Seat Capacity by Region
- Business & General Aviation Segment Poised to Lead Future Growth in the Aerospace Materials Market
- Global Private Jet Aircraft Industry in US$ Billion: 2021 & 2028
- Global General Aviation Market: Revenue Share (in %) by Aircraft Type: 2023e
- Smart Materials & 3D Printing Gain Spotlight
- List of Select 3D Printing Materials for Aerospace Applications
- Aging Aircraft Expand Opportunities for Engineering Materials
- Aging Aircraft & the Ensuing Need to Ensure Airworthiness of Older Airplanes to Spur Opportunities in the MRO Services Market: Average Age (in Years) of Globally Operating Aircraft Fleet for 2020 & 2030
- Aerospace Industry to Scale New Heights with Innovative, Green Materials
- Composites: The Dominant Aerospace Material Category
- Challenges and Future prospects
- Promising Composites for Aerospace Applications
- Progressive Expansion in Use Case Results in Composites Evolving as Mainstream Aerospace Material
- Composites Make Up for About Half of Total Weight of Modern Aircraft: Percentage Breakdown of Structural Weight Composition by Material for Airbus 350XWB and Boeing 787
- EXHIBIT : Evolution of Composite Materials as % of Aircraft Mass for Select Fighter Aircrafts
- Players Introduce Innovations in Composites Space
- Nanocomposites Evolve into Advanced Solutions in Aircraft Construction
- Carbon Continues to Make Gains as Best-in-Class Aerospace Composites Material
- Asian Companies Dominate Aerospace-Grade Carbon Fiber Production
- Carbon Fiber Composites Find Favor in Aircraft Interiors
- Emergence of New & Unconventional Composites for Use in Aircraft Interiors
- Demand for Polymer Matrix Composites Gain Momentum
- Aerospace Tapes: An Innovative Product
- Composites not the Panacea for Better Aircraft Manufacture as There are Few Disadvantages As Well
- Growing Use of Composites in Airframes Challenge MRO Providers to Seek for Improved Tools and Techniques
- Graphene: The Next Generation Material for Aerospace Industry
- Developments in Aerospace Graphene Materials Space
- Established Role of Aluminium in Aircraft Manufacturing Renders Improved Outlook for Aluminium Alloys
- New Aluminum Alloys to Emerge for Aircraft Manufacture
- Demand for 7000 series Al-Zn Alloys Gains Momentum
- Newer Titanium Alloys Gain Traction in Aerospace Application for Engine Parts and Airframes
- Superalloys Emerge as Key Manufacturing Materials for Aircraft Engines
- Nickel Alloys Combine Immense Strength and Extreme Temperature Tolerance
- Steel Alloys Lend Traction in Producing Long-Lasting Fasteners & Landing Gear Bolts
- Use of Magnesium Based Alloys Witness a Surge
- Aircraft Electrical Systems: The Stronghold Application for Copper & Copper Alloys
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/zhd25c-and?w=5
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
